Aker Horizons ASA Initiates Buy-Back Offer for Convertible Bonds

Aker Horizons ASA Launches Buy-Back Offer for Convertible Bonds

In a significant financial maneuver, Aker Horizons ASA, a renowned name in the green energy sector, has officially initiated a buy-back offer for its Convertible Bonds. On May 9, 2025, the company revealed its plan to merge operations and repay its NOK 2.5 billion green bond early. Now, the spotlight shifts as they aim to repurchase their NOK 1.6 billion Convertible Bond, linked with ISIN NO0010921596.

Details of the Offer

The company has made a firm offer to all current holders of its Convertible Bonds. The buy-back will be executed in cash at a price equaling 93% of the bonds' par value. Aker Capital AS, which holds a significant portion of these bonds to the tune of NOK 1.3 billion, has opted not to accept this redemption offer, showcasing a strategic decision on their part.

DNB Carnegie, part of DNB Bank ASA, has been appointed as the Manager for this buy-back initiative. Eligible bondholders will be contacted directly, but they also have the option to reach out to the Manager via email at [email protected] for additional details and to obtain the bondholder offer form.

Important Dates

For those interested in accepting the buy-back offer, the deadline for submitting a fully completed bondholder offer form to the Manager is set for 16:00 CEST on May 16, 2025. The results of this offer are expected to be published around May 19, 2025, marking a pivotal moment for Aker Horizons and its financial stakeholders.

A Strategic Move

The decision to repurchase the Convertible Bonds signifies Aker Horizons' commitment to strengthening its financial position while also potentially enhancing shareholder value. With the green bond repayment and the merger initiative, the company is clearly setting the stage for further growth and stability in the evolving green energy market.

The company has reiterated that this communication does not serve as a solicitation for the sale or purchase of securities in jurisdictions where it may be restricted by law. Stakeholders must remain aware of their legal responsibilities in light of these announcements.

Conclusion

Aker Horizons ASA's buy-back offer adds a notable chapter to its ongoing financial strategy, reflecting the company’s proactive stance in managing its debt obligations while pursuing innovative growth pathways. As the deadline approaches and results are anticipated, stakeholders will undoubtedly keep a close watch on the developments surrounding this initiative.

For investors or bondholders seeking further insights or more detailed inquiries, Aker Horizons has provided contact information for its key representatives. Chief Financial Officer Kristoffer Dahlberg and Investor Relations representative Jonas Gamre are both available to assist.

Through these actions, Aker Horizons continues to demonstrate its agility in navigating the complexities of today’s financial landscape—something that could yield promising results for its future endeavors.